Powell on the impact of the government shutdown on economic data

Alternative Data Analysis - The private data serves as a supplement to governmental data, which is considered the gold standard [1] - The private data is more effective as a supplement rather than a replacement for primary data sources [1] - The effectiveness of private data varies across sectors, with better substitutes in the employment space compared to inflation and economic activity [1] - Different private data providers employ varying universes and levels of rigor in their data analysis [1] Economic Outlook and Data Concerns - The September employment report is considered a very important report for decision-making [2] - The September CPI and PPI reports are expected to be available [2] - Potential data collection disruptions could pose challenges, particularly concerning October data [2]